RBL Savings account for better Interest rates
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Rbl is providing good interest rates of fd . I am planning to open one rbl savings account.
anybody has experience with rbl bank ? Charges associated with the account ?
Any other alternative for interest rates on fd ( digital account opening)?
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which card do you have ? Any other bank providing high interest rates on fd with minimum miscellaneous charges ?
All is not well with RBL;
Reserve Bank of India (RBI) appointed Yogesh Dayal, the chief general manager in-charge of department of communication, as an additional director on the board of the bank. Later in the day, the bank communicated to the exchanges that RBL Bank’s long-term MD and CEO Vishwavir Ahuja, a veteran banker, has gone on leave with immediate effect
Every bank is having some issues…. Some bank issues come out.. Some don’t..
Some are just running because people need their account… Means its considered mandatory in middle class like sbi…
… Main reason for issues is no transaparency….. No accountability… And randomly clearing loans from their books to Favorable clients…..
Better open zero balance online on au bank for similar rates
AU account provides mandatorily physical debit card if i am not wrong . Dont want to pay fees for another debit card
Just Open an account online…
It is called Prine Savings Account.
It is a digital Aadhar OTP Account.
Average Maintain Balance – 5000
If u don’t want to maintain, just create an RD of 2000.
You will get a Virtual Debit Card.
Now starts the Game…
Trust me, u will get easily upto hundred calls in very short time.
To do KYC.
Even after doing KYC, U will get calls to do KYC.
THEN, you will get calls repeatedly to take a physical debit card or upgrade to signature card,which is a highly chargeable, not free.
I never took delivery of virtual card forget about upgrading.
There are charges for physical card also.
And Do Learn about plenty of restrictions on OTP Account.
Like 1Lakh before KYC,
upto 2 Lakh after KYC.
And don’t do many transactions as account will get locked and u won’t get access until u provide proof for the source of money.
There is no specific info about how many are actually many transactions.
Oh no.. I thought of opening an account for signature banking.. By seeing all this.. I hav changed my idea.
I have large FDs with RBL and also have an Insignia savings account which is invite only and needs a minimum 30 lakhs relationship. You get a private lounge to sit and do your banking as well as a couple of dedicated senior level managers to assist you. On the whole, everything works ok on their app and online. However, the customer service is mediocre. They are nice but not super efficient. I have a couple of credit cards with them too including the top tier Insignia card. Rewards points are often not credited and it is nealry impossible to redeem them as the site never works. I hardly use these cards so it is not a big issue for me. There are no issues with general banking or online transactions.
why so much money in not so strong bank?
So far no issue with rbl, need to maintain 5k balance to avoid any charges, no faltu ka charge was imposed by them to me till now..(with them since 2019)
I opened online, then they have a limit of 1lac, so have to visit branch for physical kyc to enhance the limit.
Also, upto 5lac is insured as per rbi..so not an issue i guess.
can we opt for virtual card only? I don’t want physical card and associated fees